28 Theresa Street, Emerald QLD 4720

Large lot in central location | walking distance to schools | oversized land double typical urban blocks | modern kitchen and bathroom This property presents a strong opportunity based on its land size and location. The 2023m² lot is exceptionally large for an urban residential setting, more than double the area of many local properties, providing scarcity value and future flexibility. Its central positioning within walking distance to both primary and high schools creates inherent demand from families. The modernised interior with a large kitchen and updated bathroom meets contemporary expectations, reducing immediate upgrade costs. This house best serves a buyer seeking a long-term family home with space or an investor targeting the reliable school catchment rental market. The primary risk is the illiquidity associated with oversized blocks, which can narrow the buyer pool and extend selling timeframes. There is no recent comparable sales data provided to firmly anchor the price against market movements since its 2016 sale. The commercial logic is clear: secure a land-rich property in a high-demand location, with a potential gross rental yield around 6.1% providing solid cash flow for an investor. Acquire this for hold, leveraging the land component as a long-term store of value while benefiting from immediate rental income or owner-occupier utility.